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Test Your Knowledge of Basic Economics

1. If your annual income rises by 50 percent while prices of the things you buy rise by 100 percent, then your
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Unfortunately, that answer is incorrect. The correct answer is: b) real income has fallen.

To learn more about inflation and interest rates, see these St. Louis Fed resources:

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Good job! That is correct!

To learn more about inflation and interest rates, see these St. Louis Fed resources:

Click "Next" to go to the next question.
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